Use the following facts for question 7 -Assume that GoGo Co is a U.S. company which has a branch in Peru where the corporate income tax rate is 28%. -The U.S. corporate income tax rate is 35%. -GoGo has foreign source income in Peru of $50,000. -GoGo pays $18,500 of corporate income tax in Peru nd $20,000 of other taxes. -GoGo decides to do a calculation to choose between using taxes paid in Mexico as a deduction or tax credit. 7 If GoGo had a choice, should they take a deduction or credit and show calculations